What caught my eye today: Budget deficit of 16 percent of GDP expected in the U.S., the US-China “phase one” tracker, and the Stanford Big-Data Initiative in International Macro-Finance

The Congressional Budget Office currently expects a deficit of 16 percent of GDP this year:

https://www.cbo.gov/publication/56517

US-China phase one tracker: China’s purchases of U.S. goods. What is the future of this trade deal?:

https://www.piie.com/research/piie-charts/us-china-phase-one-tracker-chinas-purchases-us-goods

According to the so-called “Beige Book” of the Fed, economic activity in the United States is recovering, but remains well below pre-pandemic levels:

https://www.federalreserve.gov/monetarypolicy/beige-book-default.htm

The Stanford Big-Data Initiative in International Macro-Finance:

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